IOT-Identity Access Management Market is expected to grow at CAGR of 16% and USD 20 billion

IOT- Identity Access Management Market is expected to grow at CAGR of 16% and expected to reach market size of USD 20 Billion by the end of forecast period. IOT- identity access management market is expected to grow owing to the increasing investment by companies on information technology to streamline their operations and gain efficiency. The Global Identity and Access Management Market (IAM) have shown a robust growth owing to the increased needs of businesses to be guarded not only against unauthorized third-party access into their information systems, but also malicious insiders. High adoption of IT is increasing data breaches, leakage of critical intellectual property, denial-of-service (DOS) attacks and vulnerability to cyber-attacks, from within and outside the organization which is challenging the market to grow in the forecast period.

The regional analysis of IOT- identity access management market is being studied for areas such as Asia pacific, North America, Europe and rest of the world. North America is expected to dominate the IOT- identity access management market owing to rapid adoption of cloud applications and mobile applications in the region. In the North American region, many federal government organizations are emphasizing on use of personal identification card for accessing government IT infrastructure which is also fueling the IoT-identity access management market in the region. Europe is projected to grow owing to the establishment of policies by government cyber authorities to protect confidential data.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global IOT- Identity Access Management Market Research Report -Forecast to 2022”.

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